Could NS&I further squeeze savers and cut Premium Bonds again?

National Savings & Investments delivered a crushing blow to savers last month when it announced deep cuts to a number of accounts, which will bite later in November.  Some savers are set to go from earning a market-leading rate of 1.15 per cent interest each month to just 0.01 per cent, while holders of Britain’s … Read more

Prize problem for Premium Bond holders without email

Premium Bond holders who do not use telephone or online banking cannot have prizes paid into bank accounts unless they have email address By Sylvia Morris For The Daily Mail Published: 00:37 GMT, 28 October 2020 | Updated: 00:37 GMT, 28 October 2020 Premium Bond holders who do not use telephone or online banking cannot … Read more

Monzo Premium costs £15 but offers 1.5% interest and a metal card

Monzo has embraced the industrial revolution in banking by following Apple and Revolut in launching a debit card made of white steel. Its new Premium account costs £15 a month and comes with features including phone and travel insurance, making it more like a packaged bank account than Monzo Plus, its previous attempt at a … Read more

Kyle Sandilands and girlfriend Tegan Kynaston’s premium wine Nueva Sangria wins BWS contest

‘This is a great opportunity for us’: Kyle Sandilands and girlfriend Tegan Kynaston’s premium wine Nueva Sangria wins BWS contest By Marta Jary For Daily Mail Australia Published: 14:58 BST, 18 October 2020 | Updated: 14:58 BST, 18 October 2020 Kyle Sandilands teamed up with his girlfriend Tegan Kynaston’s family to create a new premium … Read more

Nationwide launches savings lottery: Is it a better bet than Premium Bonds?

Britain’s largest building society has launched another savings lottery, giving those who lock at least £100 away for 18 months a one-time shot at winning £10,000. Launched a week after National Savings & Investments announced it would slash the number of non-£1million Premium Bond payouts from December as part of a range of cuts to … Read more

NS&I to make ‘savage’ cuts to interest rates and Premium Bonds from November

There are fears that a recent recovery in savings rates could be thrown into reverse after National Savings & Investments today took a wrecking ball to its accounts, with ‘absolutely savage’ cuts set to come into force in November. The Treasury-backed bank this morning announced that from December the odds of winning anything in the … Read more

NS&I to stop sending Premium Bond winnings as cheques

Premium Bonds go paperless: NS&I will stop sending out prize cheques in the post to help reduce unclaimed winnings cases NS&I will completely phase out paper prize warrants after next February   Savers will instead be told to provide their bank details and be paid by transfer 74% of NS&I customers have already gone paperless but … Read more

Family BS savings lottery with better odds of £50k than Premium Bonds

Family Building Society has brought back its Windfall Bond savings account which gives those with £10,000 a better chance at winning £50,000 than the Premium Bonds draw. But there is also the possibility no one could end up winning, unlike with NS&I’s Premium Bonds draw that doles out prizes each month. The Epsom-based mutual has … Read more